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Chicago-based data and investment research provider Morningstar has partnered with RoZetta Technology to revamp its tick data delivery architecture into a cloud-based solution.

“We made the decision to use [RoZetta] because of the experience they had [as an AWS Advanced Consulting Partner and as builder and operator of Thomson Reuters TicK History]… and because they have a deep understanding of exchange data globally,” says Matt Spedden, Global Head of Equities and Market Data Solutions at Morningstar.

The new version of Morningstar’s Tick Data Solution, on the platform built by RoZetta, goes live at the end of July and will make it quicker and easier for clients to access tick data from Morningstar.

“Over the past couple of years, tick data has risen on firms’ priority lists,” says Spedden. He adds that the service should appeal to financial professionals performing best execution, transaction cost analysis, and regulatory compliance: “Tick data is one of the ingredients that customers need in order to fulfil those tasks.”

RoZetta’s platform makes managing, mining and visualising massive amounts of data possible

The data can also be used for market surveillance and monitoring by firms’ compliance departments and regulators, in the front office for back-testing trading strategies, for market and liquidity analysis, and by software providers to populate analytics and research applications, and to back-fill other datasets. 

Morningstar’s existing Tick Data service stems from its acquisition of London-based ticker plant and datafeeds vendor Tenfore Systems in 2003. Since then, Morningstar has collected and stored — and in most cases, commercialised — around 2.5 petabytes of tick-level market data, which is growing exponentially year-on-year, covering 200 stock trading venues, or roughly 99% of global equities coverage.

The dataset includes historical tick data back to 2003, with 10 years of US composite data, exchange messages and outage information, and the ability to filter by symbol or exchange, and to view market-by-order or market-by-price. Data points include trade date and time, exchange time, volume, trade price, last bid and last offer.

RoZetta helps clients meet their challenges

“Our challenge was to get [the data] into the hands of clients — and the way that the data was traditionally stored made that challenging,” Spedden says, citing Morninstar’s legacy storage and extraction environment, which used older technologies and typically delivered data via flat file or physical media, such as hard drives, for large volumes of data.

Specifically, the legacy technologies extracted data from an on-site storage area network using a single-threaded process. Then, the data could be copied to hard drives and shipped via courier service.

“This single-threaded extraction meant data could only be extracted chronologically, and while we could create multiple single threads, this was a manual process, adding time and complexity to the extraction process,” Spedden says. “The data and new technology is all cloud- hosted, which means we can automatically scale the number of server instances – and therefore the number of threads – based on utilisation. This means we can dramatically increase the speed of extracting the data, putting the data into the hands of our clients quicker.”

“If a customer came to us and wanted all the US composite data for days, or even a year, historically it would have taken eight weeks to do that sort of extraction in the old environment. In the new environment, that’s reduced to a couple of hours,” he says. “We believe that turning around the data so quickly is a bit of an advantage.”

Clients will be able to access the data by visiting a password-protected Morningstar website that provides access to a variety of mechanisms by which they can obtain the data, including a front-end and an API — though clients can also still request hard drives if they want.

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As RoZetta gears up for an exciting future, Scott Matthews joins the leadership team…

Formerly Chief Data and Analytics Architect at CoreLogic, Scott is the latest addition to the RoZetta leadership team, adding further to RoZetta Technology’s world-leading expertise in data science.

The RoZetta Technology Data Science Team delivers solutions in process optimisation, logistics and compliance management – all designed to make clients successful.

“Scott will lead a team of extraordinary individuals who have delivered significant commercial gains for clients in the capital markets, finance, health and logistics market sectors,” said David Sharp, CEO of RoZetta Technology. “Scott’s knowledge and experience in property, insurance, marketing and market research expands the range of markets in which RoZetta Technology has first-hand experience.”

In his previous role at CoreLogic, Scott led his team to meet the challenge of developing a customisable automated valuation model for residential real estate, capable of revaluing every residential property in Australia on a daily basis. Most impressively, this let clients modify the model outputs to align with their own preferred geographies, property types and current risk concentration.

In his early career in the marketing arm of what is now Equifax, Australia and New Zealand’s leading credit bureau, Scott developed data-driven client solutions for marketing financial services. Other projects Scott delivered include a range of bespoke segmentation solutions based on the three key elements of individual customer behaviour, micro-clusters of geo-demographics and a mix of brand and media preferences.

“I’m delighted to be joining RoZetta at such an exciting time,” Scott said. “Data can create incredible opportunities and deliver extraordinary benefit to our customers. I’m looking forward to working with the team to develop practical, user-friendly platforms and systems.”

Learn more about RoZetta Technology

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One of Australia’s best-kept technology secrets is about to be shared with the world with the announcement that Dale Richards is joining RoZetta Technology as Board Advisor.

Recognised as provider of the world’s leading high-performance capital markets research and analytics time series data management solutions, RoZetta is now poised for international expansion.

“RoZetta is one the best-kept secrets in capital markets, but that is about to change,” said Richards. “They are well positioned strategically, and the management team, talent and software are blue chip. I’m thrilled to be joining.”

Richards is the Founder of Island 20 Ventures, a strategy and management advisory firm across data management, big data, analytics, technology, business strategy and data monetisation. Focused on growth and value creation, he has held operating roles with leading software, data and consulting firms including First Derivatives (President, North America and Global Head of Data Strategy); LakeFront Data Ventures, Data Management consultancy (CEO/Founder); SunGard (Chief Data Officer and President of EDM); EDM Council (Founder); FAME Information Services – Warburg Pincus-backed (President and CEO). Richards has also served as an advisor and/or board member: Toronto Stock Exchange (Data and Analytics); Quandl (Alternative Data); Datactics (Big Data Quality); LookBookHQ (Content Marketing and Predictive Analytics); TickTrade Systems (FX trading software).

RoZetta Technology CEO David Sharp commented, “We are delighted to have Dale join the RoZetta team. He is a creative data industry strategist and proven leader in fintech. His background and experience will help RoZetta accelerate international growth.”

Discover how RoZetta’s work has transformed leading organisations around the world.

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